ETHUSD still looking bullish; inspite of BTC dump.. for now.Looks like BTC is likely to be moving sideways for awhile. If it does and price doesn't breakdown, then ETH will likely remain bullish.
Buy signal triggered on my CYBER ENSEMBLE indicator on the 3hr chart too.
Need to keep a close watch on BTC chart.
See prev. ETH analysis:
Latest BTC chart:
Prism
ELASTOS (ELA), an altcoin with the potential to do what ICX did?I am presently looking at Elastos atm, i.e. ELA (on Huobi or Kucoin)
Been cost averaging in since it was at around ~1.5 USD.
Looking like it might do an "ICX" style parabolic pump anytime now. But lower MCAP = greater risk.
Sensible risk management is advised.
I like their fundamentals as well -- the project itself as well as their team leadership.
But certainly not a financial advice. ;)
AUD fell back into bearish channel vs. SGDContinued analysis from:
If AUD is not able to rebound above the white line and finds support, expect AUD to go back down towards the lower blue trendline, possibly finding support above the 0.9 SGD psychological and VPVR level.
If AUD manages to break back above the white trendline and finds support, it will likely continue with the upward trend -- range-bound within the white channel.
BTCUSD predictions using FUSIONGAPS and PRISM oscillatorsPlease see text in the chart.
Short-term looking bullish (over the weekend); but more likely to continue to trade relatively sideways through December with a slight bearish bias -- overall range-bounded between the two white solid lines .
Long-term still remains bearish (with possibility of falling all the way down to 5200 USD); unless BTC is able to break above 10k USD and hold.
Speculative Long-term BTC:USD trajectory and ATHBTC:USD to reach 11k-12k USD, then gradual decline down to 8k USD again around 02Mar20 to inflict more pain on the bulls and eliminating more weak-hands, before going relatively sideways until 13Jul20, then a fakeout to, 11.8k USD around 11Jan21 before crashing below 9.9k USD before the next actual parabolic rise commences around Mar21 eventually hiting a new all-time-high at ~120kUSD.
Base on my earlier speculative post:
See also shorter term prediction:
BTC effortlessly broke through multiple levels of resistance!Demonstrating significant hidden strength in this market! :)
Here are my latest Bullish/Bearish scenarios; and will continue to monitor PRISM and FUSIONGAPS indicators, as well as the CYBER ENSEMBLE buy/sell signaling indicator (all of these are free-to-use), before making a decision on the next possible move.
As usual, this post will be updated with the latest chart and analysis until market structure shifts.
Bullish Divergence on the AUDSGD 1W chart.Price appears to reach a historical strong support.
AUD might start making a turn around in a month or two?
Or will it plunge even lower?
Will continue to monitor the PRISM oscillators + CYBER ENSEMBLE
PRISM Oscillators
CYBER ENSEMBLE
Also see:
Relative Candle Volatility & Directionality Index (RCVI/RCDI)
and
PRISM Signals (which Cyber Momentum Strategy is based on)
BTCUSD broke support. 7200-7300USD next?BTC failed to pierce through the resistance at 8700USD and turns it into support; but got rejected instead -- showing persistent market weakness.
Previous attempt at a short-term bullish trade did not execute.
Now, BTC have broken through support at 8031USD, with clear sign that it has turned into resistance.
Coupled with the strong bearish signs from my PRISM and FUSIONGAPS oscillators, and low volatility from my RCVI (relative volatility index) this signals that BTC will very likely plunge down to the 162% level at 7200-7300USD as suggested on my Sep 25 chart.
The bearish Ichimoku cloud is thickening ahead, and my Cyber Ensemble {Cy.ESM} buy/sell signaling algorithm (which seems to work well historically for BTC) is signaling sell as well.
Of course, sensible stop-limit for shorts need to be set. Base on my Volatility Stop Limit Selector (derived from my RCVI/RCDI indicator), possible shorting level at 7812 USD, and stop-limit of shorts trade at 8211 USD (depending on risk-reward preference).
Volatility Stop Limit Selector {VSLS}
(0x) ZRX:BTC next move predictionExpecting ZRX to retrace back downt to the 61.8% level, then continuation upward? Will need to continue to monitor the various indicators, especially my momentum/acceleration/jerk {MAJ} oscillators.
Analysis performed using some of the indicators and signaling algorithms I have developed.
Cyber Ensemble (Bullish/Bearish Signaling script)
PRISM (PSAR-derived Oscillator and its RSI/Stochs + Momentum/Acceleration/Jerk oscillators)
FUSIONGAPS {50/15-series} (Local Bull/Bear-market phase indicator)
BTCUSD: Will 8684USD resistance turn into supporting launchpad? Speculatively speaking, I'm biased towards BTC moving higher.
TA wise, I will want to see it break through the 8684USD resistance first, and show that it finds support over the next candle or two before making an entry with suitable stop-loss set.
Related post: (Oct 8) BTCUSD short-term bullish
I typically use the following two indicators to help pick suitable stop-limit ranges. Settings are available to activate different levels of tightness, depending on the risk aversion as well as risk factor of the market at a given time.
Fast AEONDRIFT {with Stop-Limit Range} (Standard Deviation based)
and
Volatility Stop-Limit Selector